PETER SCHIFF

PETER SCHIFF

Thursday, September 22, 2011

Peter Schiff : the real crisis will come when the world is fleeing the dollar not embracing it

Peter Schiff : we do not have the resources to fight a war , we barely can afford peace although we do not actually have that either right now , the real crisis will come when the world is fleeing the dollar not embracing it , right now with bad as it is the dollar is actually going up , treasuries are going up , people are buying dollars and treasuries as they sell stocks , when the real crisis happens they are going to be selling dollars and treasuries that's the real crisis , then the dollar plunges then interest rates go up and then prices go through the roof and that's what's really going to turn this into a crisis it is going to be an inflationary depression ....

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